Kingfisher Metals Corp. announced the completion of diamond drilling at the HWY 37 Project with 2150 m drilled over 6 holes. The project is located in Northwest British Columbia within the Golden Triangle.

The 2023 diamond drill program focused on three target areas: the Cliff porphyry, the Mary Root Zone, and the Mary deposit southern step-out (Fig. 1). Two holes (M-23-001 and M-23-004) tested the Cliff porphyry, one from upslope that crossed the stockwork to test the width extent and one that collared at a lower elevation in the stockwork to test the changes with depth.

Two holes were completed at the Mary Root at the central (M-23-002) and southern target (M-23-003), with the strongest alteration and metal content intercepted in the northern hole. A single hole was originally planned at the Mary deposit, but difficult drilling conditions caused the loss of the hole prior to target depth. So, a second hole was drilled from the same pad to test the deeper extents of the area.

Drill core samples are currently being assayed and results will be released once available. Two diamond holes tested a ~200 x 100 m chalcopyrite-bearing quartz stockwork body at surface, located in the core of a Cu-Au-Ag-Mo soil anomaly and coincident magnetic high. The initial hole (M-23-001) collared above the stockwork body, drilling across the stockwork body to the southeast.

The second hole (M-23-004) collared in the stockwork body and drilled to the northwest, to cross the stockwork body and drill at-depth below it. Lithology in the two holes comprises sub-horizontal layers of volcaniclastic to coherent basalt with lesser rhyolite and multiple phases of cross-cutting hornblende monzonite to monzodiorite porphyry and biotite hornfels in the contact zones. Three broad alteration domains were identified within the two drill holes: An `inner propylitic' alteration panel overlies the stockwork body with quartz, actinolite, chlorite, epidote, white mica, carbonate, galena, sphalerite, and pyrite (0-72 m; M-23-001).

A principle `potassic' stockwork alteration body with 5-35% quartz veins, secondary K-feldspar, biotite, magnetite, pyrite, chalcopyrite and trace covellite (72-264 m, M-23-001; 0-126 m, M-23- 004). A deeper level `sodic-potassic' alteration domain with secondary K-feldspar, quartz, albite, magnetite, diopside, actinolite, chlorite, epidote, pyrite, chalcopyrite and molybdenite; (264-384 m, M-23-001; 126-300 m, M-23-004). Two diamond holes targeted a coincident chargeability-resistivity anomaly starting at depth in holes M-23- 002 and M-23-003.

Host lithology includes a matrix-supported, volcaniclastic andesite and multiple phases of hornblede monzonite to hornblende monzodiorite porphyry. The holes intersected three vertically zoned alteration domains: 1. An upper panel of `inner propylitic' alteration with secondary albite, actinolite, chlorite, epidote, pyrite, and carbonate stringers (0-80 m, M-23-002). 2. A mid-level `phyllic' alteration, with stringers and disseminations of pyrite (average 8%), white mic carbonate, pervasive quartz, green fluorite, clay, disseminations, and stringers throughout of sphalerite, galena, chalcopyrite and pyrrhotite (80-270 m, M-23-002; 145-308 m, M-23-003).

3. A deeper level, higher temperature `sodic' to `sodic-potassic' alteration domain includes pervasive secondary K-feldspar, albite flooding, white mica, quartz, fluorite, anhydrite, disseminated pyrite (average 5%), and disseminations of sphalerite, galena, chalcopyrite, and pyrrhotite (270-417 m, M-23-002; 308-372 m, M-23-003). Mary Deposit Step-Out. The planned hole is a ~100 m step-out that follows-up on a drillhole from 2019, which intersected 0.5 g/t Au, 0.1% Cu over 291.5 m from 15.5 m (BCK-MZ-19-01).

The initial hole (M-23-005) faced difficult drilling conditions and the hole was lost at 189 m. The second hole (M-23-006) was drilled from the same pad with a change in azimuth and dip. Both holes collar in a coherent to volcaniclastic basalt: 1. An upper `potassic' alteration assemblage with secondary K-feldspar, biotite, quartz with disseminated pyrite, chalcopyrite and molybdenite) in a basalt host (0-189 m, M-23-005; 0-199 m; M-23-006). 2. A mid-level chlorite-magnetite alteration with pervasive chlorite, quartz, albite and disseminated magnetite, pyrite, chalcopyrite and molybdenite in host of basalt, diorite, and monzonite (199-449 m, M-23-006).

Additional Field Work: Surface geological mapping was undertaken by geological mapping expert Dr. Stephanie Sykora with a focus on the Hank and Rojo Grande map areas. The map study focused on identifying structural, stratigraphic and alteration patterns in the area in preparation for future drilling in 2024.